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Orascom Development Egypt sells EGP 104.8 mn land plot to Mangroovy Hotels
Orascom Development Egypt has sold a 40k sqm plot of land in El Gouna to MangroovyHotels for EGP 104.8 mn,…
Real estate developer HHD to announce new strategy in the coming two weeks
The board of EGX-listed HHD will announce a new corporate strategy in the coming two weeks, Public Enterprise Minister Hisham…
What we’re tracking on 9 August 2020
Good morning, friends, and welcome to another late-summer workweek. It’s the last full week before some of our readers send…
NUCA reassesses tenders for third phase of PPP program
The New Urban Communities Authority (NUCA) is reassessing issuing land tenders for the third phase of its public-private partnership program,…
Jaz Group to inaugurate Hurghada, Soma Bay hotels in September
Jaz Hotel Group will open two new hotels this September, one in Hurghada and the other in Soma Bay, at…
Emaar Misr obtains approval for EGP 11.5 bn Cairo Gate project
Emaar Misr has obtained Housing Ministry approval for the blueprint of its EGP 11.5 bn CairoGate residential project in Sheikh…
Optimism for a recovery following a 2020 pummeling in the Middle East
2020 sucks, but folks in the GCC are increasingly optimistic about prospects for a recovery: Although low oil prices and…
Acquisition talks between OIH, Qatari Diar for City Gate project end without agreement
M&A WATCH- Talks that could have seen Naguib Sawiris acquire City Gate from developer Qatari Diar have collapsed after the…
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